On March 4, 2025, trade tensions between the US and China continued to increase when President Donald Trump announced an additional 10% tax on goods from China. This 10% tax will be added to the 10% tax imposed on Chinese goods implemented from February 4, 2025, raising the tax rate imposed on this country to 20%. This has greatly affected China's plan to boost exports of goods from China to the US that China had previously set. According to data released by the General Administration of Customs of China on March 7, China's imports unexpectedly decreased in January and February 2025 
, while exports lost growth momentum, due to increased tariff pressure from the US, casting a shadow over the recovery prospects of the world's second largest economy.
According to economists, the decline in imports reflects China's beginning to reduce demand for strategic goods, focusing on dealing with trade tensions under the second-term administration of President Donald Trump.
Vietnam, in the context of the rapidly changing and unpredictable world economy, cannot stay out of this vortex. If trade tensions between these two major economic powers do not subside, Vietnam will probably face negative impacts on the currency market, exchange rates, and commodity exports.
The government is actively negotiating and preparing solutions to support Vietnamese businesses in coping with difficulties caused by global trade tensions.
Let's join hands, monitor and update information on the world trade situation to promptly adjust business strategies.
